US is not in a recession

Discussion in 'Economics' started by turkeyneck, Nov 7, 2008.

  1. Duh.
  2. karol88


    there is a recession in people's minds, enough to cause a recession
  3. Maybe its past that. What's the definition of depression. :D
  4. kut2k2


  5. joemiami

    joemiami Guest

    No one(especially the gen public) gives a fuck about the National Bureau of Economic Research. When the public tightens down their wallet, cant get loans, have their work hrs cut and/or laid off completely, and GDP can barely move forward...... those are serious recessionary sypmtoms. PERIOD
  6. clacy


    If a recession takes place in the woods, but no one sees it, was there really a recession? :D
  7. US is not in a recession, per intrade.

    A recession is defined as two consecutive quarters of negative GDP growth.

    What's the official definition of a depression?
  8. joemiami

    joemiami Guest

    Recession is defined as 2 consecutive periods of neg GDP ?

    And who is the ultimate authority on whats the RIGHT definition?

    Just bcuz it doesnt fit someone's definition of what a recession is doesnt mean it isnt happening.

    people who go by so called "definitions" lack foresight and are incapable and/or stubborn about seeing the bigger picture......
  9. Recession started long before Dec 07.

    Inflation was underreported = GDP overreported.
    #10     Dec 1, 2008